| The KUIK Market Update for Thursday, February 5: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 148 | points | 17,821 | 8:03 AM | ||
| S&P500 | Up | 0.8% | percent | 2,058 | 16.68 | ||
| Nasdaq Composite | Up | 0.6% | percent | 4,746 | 29.40 | ||
| 30 Year Treasury | Up | 3 | Basis Points | 2.42 | Annual Yield | ||
| The Labor Department reports initial claims for unemployment benefits rose by 11,000 to a seasonally adjusted 278,000 in the week ended January 31. Claims are 15% lower now than they were in the same week a year ago. Continuing claims rose by 6,000 to a seasonally adjusted 2.4 million in the week ended January 24. | |||||||
| U.S. based employers announced plans to cut 53,041 jobs in the month of January, a rise of 63% from last month, according to outplacement firm Challenger, Gray & Christmas. Over 21,000 of those cuts were directly attributable to the recent decline in oil prices. There were 42% more layoffs in the energy industry in January than the sector cut in all of 2014. | |||||||
| Freddie Mac reports the average rate on a 30-year fixed rate mortgage for the week ended February fell to 3.59 down from last week’s 3.66%. A year ago the 30-year averaged 4.32 percent. The 15-year fixed averaged 2.92 down 2.98% last week. A year ago, the 15-year fixed averaged 3.40 percent. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/jobless-claims-bounce-off-14-year-low-2015-02-05 | |||||||
| http://www.marketwatch.com/story/us-trade-deficit-shoots-up-to-2-year-high-2015-02-05 | |||||||
| http://freddiemac.mwnewsroom.com/press-releases/fixed-mortgage-rates-resume-downward-trajectory-otcqb-fmcc-1173511 | |||||||
| For today’s Market Update Report click to listen-> | |||||||